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Gentle Ben's Bar and Restaurant uses 6,400 quart bottles of an imported wine each year. The effervescent wine costs $4 per bottle and is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $30 each time an order is placed, and holding costs are 35 percent of the purchase price. It takes two weeks for an order to arrive. Weekly demand is 50 bottles (closed two weeks per year) with a standard deviation of 45 bottles. Ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability. What is the economic quantity for Ben to order? (Round your answer to the nearest whole number.) At what inventory level should he place an order? (Round your answer to the nearest whole number.)
How much will you still owe at the end of 18 months. How much interest have you paid the bank over that time period. As for all assignments, answer the questions on the spreadsheet and attach the Excel spreadsheet file as your submission.
Assume you are going to give a presentation to about 30 people in a medium sized room. In order to maximize the contrast, you used black letters on white background in your slides.
An electronic component has a specification of 150 +or- 4 ohms. Scrapping the component results in an $80 loss. If the process is centered on the target specification with a standard deviation of 2 ohms, what is the expected loss per unit?
Explain four Vs of operations process, also describe their implications for cost of creating products or services.
Discuss about noted organization theorist. Pressure for change originates in the environment; pressure for stability originates within the organization.
Prepare an input/output design plan for the new SBRUTS information system. Include examples of input/output screens, forms, and reports as part of your design.
What are some of the assumptions that you have about people and work? For example, what do you think motivates people? Why do you think people leave or stay in a job? What makes a manager a good manager?
An HMO has a Point of Service (POS) option for its members, but will pay only 80 percent of approved charges. If a member goes out of network for a medical procedure with a charge of $2,000, of which $1,200 is approved, how much must the member pa..
Define a process important to that functional area and then identify a key performance measure for that process. How can SPC be used to manage that process? Must be 200 words.
Automobiles arrive at the drive-through window at the downtown Urbana, Illinois, post office at the rate of 4 every 10 minutes. The average service time is 2 minutes.
What were the key stages or milestones and the timeframe for the tender and who was on the tender selection panel and why?
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,500 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order.
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